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Mattress Firm & Deca Dental | NNN | New Const 2711-2721 Irlo Bronson Memorial

5,860 SF 100% Leased Retail Building Kissimmee, FL 34744 $3,912,000 ($667.58/SF) 5.50% Cap Rate

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INVESTMENT HIGHLIGHTS

100% Occupied, 2-Tenant Offering | Brand New 10-Year Leases | Scheduled Rental Increases | Options to Extend | Brand New Construction | NNN Leases
Ideally Situated Along State Hwy 192 & 441 (48,000 VPD) | Florida Turnpike (43,100 VPD) | Excellent Visibility & Access

Outparcel to 190,000 SF Anchored Center | Dense Retail Corridor | Strong National/Credit Tenant Presence | Orlando Health St. Cloud Hospital (84 Beds
Strong Demographics in 5-Mile Trade Area | Orlando MSA

EXECUTIVE SUMMARY

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, 2-tenant investment property located in Kissimmee, Florida. The 2-tenant, Deca Dental Management, LLC and Mattress Firm, Inc., recently signed brand new 10-year NNN leases with 2 (5-year) options to extend, demonstrating their commitment to the site. Both leases feature 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The newly-constructed building features a state-of-the-art design with high-quality materials. Deca Dental is expected to open soon and is currently paying rent.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

5,860 SF

Year Built

2023

Price

$3,912,000

Price Per SF

$667.58

Cap Rate

5.50%

NOI

$215,136

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.18

Lot Size

0.75 AC

Opportunity Zone

Yes

Zoning

B-3 - General Commercial

Parking

6.83 Spaces per 1,000 SF Leased

AMENITIES

Freeway Visibility

Signage

Deca Dental Management
Health Care and Social Assistance
99,999 SF
-
Lorem Ipsum
-

Mattress Firm
Retailer
99,999 SF
-
Lorem Ipsum
-

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE TYPE	LEASE END
Deca Dental Management	Health Care and Social Assistance	99,999 SF	-	Lorem Ipsum	-
Mattress Firm	Retailer	99,999 SF	-	Lorem Ipsum	-